Blog 1099

I got a 1099 for my blog yesterday. Now that is a weird feeling. Google giveth, the federal government taketh away.

Google has some tax information regarding ad-sense income. Basically operating this blog has in effect become a small proprietorship small business. I will deduct hosting costs etc… I wonder if I can deduct time spent on Subtext. That would be pretty sweet.

UPDATE: For my readers not familiar with tax regulations in the U.S., I should mention that the 1099 is used to report income other than wages, salaries, and tips. I linked to the Wikipedia explanation for more details.

Comments

3 responses

Matthijs van der Vleuten • February 6th, 2006
For readers not familiar with the tax regulations in the USA (like me), what's a 1099?

Haacked • February 6th, 2006
Ah sorry! I updated my blog post to elaborate.

Liz • May 1st, 2007
Hey, now that you're a 1099, you can check out MyBizOffice.
www.mybizoffice.com
This is a very cool service whereby 1099 independent contractors and other entrepreneurs can operate their business as an independent, and yet get real group benefits, a 401(k), and all the tax advantages of being with a big company. You can still work for as many clients as you want, on multiple projects.
Better yet, the company will invoice your clients for you, do your collections for you, and even help you take advantage of all the tax breaks you can get as a sole proprietor.
Good luck with the blogging and thanks for the space!
MBO -- Saving the Independent Contractor, one 1099 at a Time!